Shanghai Steel Union E-Commerce Co., Ltd. (hereinafter referred to as "the Company") announces that the 2025 annual profit distribution plan has been approved by the shareholders' meeting held on May 18, 2026. The details of the profit distribution are as follows:
1. Approval of Profit Distribution Plan
- The 2025 annual profit distribution plan has been approved by the shareholders' meeting held on May 18, 2026. The specific content of the profit distribution plan is as follows: based on the current total share capital of 318,721,422 shares, a cash dividend of RMB 0.50 (including tax) will be distributed for every 10 shares to all shareholders, totaling RMB 15,936,071.10 (including tax). Additionally, 2 shares will be converted from the capital reserve for every 10 shares held, totaling 63,744,284 shares (the actual number of shares to be converted will be subject to the registration results from the Shenzhen branch of China Securities Depository and Clearing Corporation Limited), with no bonus shares being issued.
- During the implementation of the profit distribution, if the total share capital of the Company changes due to reasons such as the conversion of convertible bonds, share repurchase, exercise of equity incentives, or new shares listed from refinancing, the Company will adjust the total cash dividend amount and total number of shares converted according to the principle of "fixed cash dividend ratio and capital reserve conversion ratio."
- The implementation of this profit distribution is consistent with the distribution plan approved by the shareholders' meeting.
- The implementation of this profit distribution does not exceed two months from the date of approval by the shareholders' meeting.